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My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

8/23/2010

Wheelock head and shoulders in the making

I was reading the forum today when I came across this article of which a Food Blogger went to a restaurant, gave his 3 friends a treat, then told the restaurant he did not want to pay for the SGD400+ meal because he was a Food Blogger.

His photos are now posted on the few blogs I visited and he is notably a young chap with hormone inbalance. Seriously what in his right mind think that being a blogger on food entitles him to free lunch? Exactly what value does his blog (I remember it is ladyironchef.sg or something, kind of sissy name for a male, don't you think? )would bring to the restaurant? How much publicity would he give for that lunch? I am not even sure if anyone is reading his blog, I for one sure ain't.

Well, for one thing, his blog is now overwelmed and people are flocking there and due to that, the blog is now down. So may be he has his wish come true after all, he is now notorious.


Fig 1 Wheelock Daily Chart

I was going through the charts today and stopped at Wheelock. Base on the pattern that I saw, I can't help but to find that it is very like a head and shoulders in the making, don't you think so?

If this is true, Wheelock is going down soon. At the moment, I won't want to do any measurement yet. may be after it crosses the neckline.

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